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The sanctions may be selective, and what Russia bans may be outside of those sanctions and affect many third countries. Not just from the direct effects, it cou
by Ambolia 5y ago
The sanctions may be selective, and what Russia bans may be outside of those sanctions and affect many third countries. Not just from the direct effects, it could also increase prices even if you are able to find a replacement for those exports from a different country. Possible problematic exports:
- Wheat exports: 17.6% of the global wheat exports are from Russia, 8% are from Ukraine which may fall under Russia control. [1]
- Potash exports (fertilizer): Russia and Belarus and #2 and #3 in global exports of potash. [2]
- Gas: Russia supplies roughly 40% of the EU's gas [3]
[1] https://www.worldstopexports.com/wheat-exports-country/ https://www.worldstopexports.com/wheat-exports-country/
[2] https://www.nrcan.gc.ca/our-natural-resources/minerals-mining/minerals-metals-facts/potash-facts/20521 https://www.nrcan.gc.ca/our-natural-resources/minerals-minin...
[3] https://fortune.com/2022/03/08/eu-russian-gas-supply-wean-block-ban-iea/ https://fortune.com/2022/03/08/eu-russian-gas-supply-wean-bl...